Gold Surges Over 1% as Bitcoin Declines 3%, New Bitcoin ETF Investors React to Market Shifts

The_Real_Fly@The_Real_Fly

2 years ago

GOLD +0.8%

Peter Schiff@PeterSchiff

2 years ago

#BitcoinETF buyers who believe #Bitcoin is a digital version of #gold must ask themselves why $GLD is up 1.9% today, recording its highest closing price ever, while Bitcoin ETFs are down 5%. Maybe your thesis is wrong and you should sell your fool's gold and buy the real thing.

Jesse Colombo@TheBubbleBubble

2 years ago

Bitcoin is down nearly 4% today while gold and silver are up nicely today. That's further confirmation that Bitcoin is a risk asset (like high-flying, speculative tech stocks) rather than a crisis hedge, which is why it doesn't interest me. $BTC $GLD https://t.co/MPqncxs6MC